Bharat Earth Movers Limited (BEML) entered into three memoranda of understanding (MoUs) with Dredging Corporation of India Limited (DCIL) valued at approximately INR 350 crore. These agreements cover the supply of indigenous spares for DCIL�s dredger fleet, design and construction of inland cutter suction dredgers, and development of cable dredgers, long-reach excavators and customised solutions for reservoir de-siltation and inland waterways. The collaboration aligns with India�s push for self-reliance in maritime infrastructure and builds on earlier cooperation between the two organisations.Read more

The Brihanmumbai Municipal Corporation (BMC) will transform seven of its sewage-treatment plants into revenue-earning units by selling about 1,200 MLD of chemically processed recycled water annually to companies including Tata Power, Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL) at a rate of INR 1 per kilolitre. The scheme is expected to bring in around INR 43.80 crore a year, once the upgrades to the plants in Worli, Ghatkopar, Versova, Malad, Bandra, Bhandup and Dharavi are complete.Read more

Basic Home Loan, a New Delhi-based fintech firm, expects its FY26 revenue to reach INR 150-200 crore, up from INR 70 crore last year, driven by AI-powered solutions and stronger real estate partnerships. CEO Atul Monga said new products like HOM-i and the expanded Homfinity platform are fueling growth and customer acquisition. Founded in 2020, the company focuses on affordable, tech-enabled home loans for tier-2 and tier-3 cities, with HOM-i analysing over 3 lakh customer and 2 lakh property profiles, enabling INR 30,000 crore in sanctioned loans. Backed by Bertelsmann India Investment and Gruhas, Basic Home Loan plans a 2030 stock market listing, underscoring its long-term expansion in India's digital mortgage sector.Read more

Aptus Value Housing Finance India reported a 24% rise in net profit to INR 227 crore for the September quarter, up from INR 182 crore last year, supported by robust business growth and improved asset performance. Total income rose to INR 554 crore from INR 435 crore, while AUM expanded 22% year-on-year to INR 11,767 crore. The board declared an interim dividend of INR 2 per share for FY26. Although gross NPAs edged up slightly to 1.55%, Managing Director P. Balaji highlighted steady disbursement growth of 24% QoQ to INR 963 crore. With a medium-term goal of INR 25,000 crore AUM, Aptus remains focused on sustaining its 25% growth trajectory and maintaining financial resilience.Read more

SAEL Industries Ltd, a renewable energy firm that converts agricultural waste into clean energy, has filed draft papers with the Securities and Exchange Board of India (SEBI) to raise INR 4,575 crore through an initial public offering (IPO). The issue includes a fresh equity issue of INR 3,750 crore and an offer for sale of INR 825 crore by investor Norfund. The company intends to use a major portion of the proceeds to repay or prepay borrowings in its solar subsidiaries and support general corporate needs. SAEL operates one of India's largest integrated renewable energy portfolios, including solar and biomass plants across northern states.Read more

Ashok Leyland reported total sales of 17,820 units in October, marking a 16% year-on-year increase from 15,310 units a year earlier. Domestic sales also rose 16% to 16,314 units, driven by steady demand across segments. Medium and heavy commercial vehicle sales grew 14% to 9,611 units, while the light commercial vehicle category climbed 19% to 6,703 units. The company attributed the growth to reviving industrial and infrastructure activity, which continues to strengthen freight movement and fleet replacement. Ashok Leyland's solid October performance highlights its resilient market position and suggests that momentum in commercial vehicle demand is likely to persist in the coming months.Read more

The Tamil Nadu government has approved INR 937.36 crore for internal infrastructure development in Dharmapuri district. The funding supports roads, water supply, drainage, and lighting facilities within a new 1,733-acre SIPCOT industrial park covering several villages in Dharmapuri and Nallampalli taluks. Chief Minister M. K. Stalin also reviewed construction progress at a 10-acre modern bus stand in A Settyahalli village, developed at an estimated cost of INR 39.14 crore with support from private and public contributions. Senior officials and ministers were present during the inspection.Read more

The Maharashtra government has signed an MoU with Abu Dhabi Ports and Abu Dhabi Investment Resources & Presidential Office for an investment of up to USD 2 billion in the state's maritime and shipbuilding sector. The deal aims to enhance shipbuilding, port infrastructure, maritime transport and water-sports management. Alongside this, 15 other MoUs worth about INR 56,000 crore were signed to develop ports, clean-fuel infrastructure and coastal transport, reflecting Maharashtra's push towards blue-economy-driven growth.Read more

The Municipal Corporation of Gurugram (MCG) has intensified its property tax recovery drive, sealing a multi-storey residential building in Jharsa after owners ignored repeated notices over dues worth INR 67 lakh. Despite multiple reminders and legal actions, the owners failed to comply, prompting enforcement under MCG's taxation powers. During a ULB review meeting, officials reported that MCG has collected over INR 261 crore so far, sealing 17 major properties for large-scale defaults, with more under legal process. The MCG commissioner urged residents to pay taxes on time, noting that compliance supports civic projects and public welfare. The drive will continue, with stricter measures for persistent defaulters.Read more

Developer The Phoenix Mills Ltd reported a consolidated net profit of INR 303.99 crore in the recent quarter, up 39 % from INR 218.09 crore a year earlier. Total income rose to INR 1,146.21 crore from INR 955.06 crore in the same quarter of the previous year. The firm, which specialises in retail-led mixed-use developments spanning malls, offices, hospitality and residences, benefited from stronger leasing and consumption trends. The result reflects momentum in its business model amid improving real-estate demand.Read more